SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   Form 10-QSB

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(Mark one)

[X] Quarterly Report Under Section 13 or 15(d) of The Securities Exchange
    Act of 1934

    For the quarterly period ended October 31, 2005

[ ] Transition Report Under Section 13 or 15(d) of The Securities Exchange
    Act of 1934

    For the transition period from ______________ to _____________

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                        Commission File Number: 000-30071


                       KIK Technology International, Inc.
        (Exact name of small business issuer as specified in its charter)

      California                                                91-2021602
(State of incorporation)                                (IRS Employer ID Number)

                      590 Airport Road, Oceanside CA 92054
                    (Address of principal executive offices)

                                 (760) 967-2777
                           (Issuer's telephone number)

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Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. YES [X] NO [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity as of the latest practicable date: December 13, 2005: 25,171,865

Transitional Small Business Disclosure Format (check one): YES [ ] NO [X]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). YES [ ] NO [X]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act): YES [ ] NO [X]
<PAGE>
                       KIK TECHNOLOGY INTERNATIONAL, INC.

               Form 10-QSB for the Quarter ended October 31, 2005

                                Table of Contents


                                                                            Page
                                                                            ----
PART I - FINANCIAL INFORMATION

  Item 1 Financial Statements                                                 3

  Item 2 Management's Discussion and Analysis or Plan of Operation           17

  Item 3 Controls and Procedures                                             19


PART II - OTHER INFORMATION

  Item 1 Legal Proceedings                                                   20

  Item 2 Unregistered Sales of Equity Securities and Use of Proceeds         20

  Item 3 Defaults Upon Senior Securities                                     20

  Item 4 Submission of Matters to a Vote of Security Holders                 20

  Item 5 Other Information                                                   20

  Item 6 Exhibits                                                            20

SIGNATURES                                                                   20

                                       2
<PAGE>
                                     PART I

ITEM 1 - FINANCIAL STATEMENTS

                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEETS
                            October 31, 2005 and 2004

                                   (UNAUDITED)
<TABLE>
<CAPTION>
                                                                          October 31,           October 31,
                                                                             2005                  2004
                                                                         -----------           -----------
<S>                                                                      <C>                   <C>
                                     ASSETS
CURRENT ASSETS
   Cash on hand and in bank                                              $    38,880           $    63,104
   Accounts receivable
     Trade, net of allowance for doubtful accounts
     of approximately $13,686 and $14,230, respectively                      174,615               293,798
     Other                                                                     9,612                 9,145
   Inventories                                                               208,903               365,330
   Prepaid expenses                                                            1,409                   831
                                                                         -----------           -----------
     TOTAL CURRENT ASSETS                                                    433,419               732,208
                                                                         -----------           -----------

PROPERTY AND EQUIPMENT - AT COST,
 NET OF ACCUMULATED DEPRECIATION                                             109,605               137,893
                                                                         -----------           -----------

OTHER ASSETS
   Funds held in trust by officer                                             53,400                53,400
   Refundable deposits                                                         4,800                 4,800
                                                                         -----------           -----------
   TOTAL OTHER ASSETS                                                         58,200                58,200
                                                                         -----------           -----------

TOTAL ASSETS                                                             $   601,224           $   928,301
                                                                         ===========           ===========
                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
   Notes payable to investors                                            $    49,000           $    49,000
   Current maturity of capital lease payable                                   4,388                 4,403
   Accounts payable - trade                                                  373,161               358,209
   Other accrued expenses                                                     39,646                42,458
   Management fee payable to majority shareholder                            330,000               210,000
   Advances from majority shareholder                                         16,000                16,000
                                                                         -----------           -----------
     TOTAL CURRENT LIABILITIES                                               812,195               680,070
                                                                         -----------           -----------
LONG-TERM DEBT
   Notes payable to investors, net of current maturities                      19,000                19,000
   Capital lease payable                                                       2,580                 6,968
                                                                         -----------           -----------
     TOTAL LIABILITIES                                                       833,775               706,038
                                                                         -----------           -----------
COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY (DEFICIT)
   Common stock - $0.001 par value
     100,000,000 shares authorized
     25,171,865 shares issued and outstanding                                 25,172                25,172
   Additional paid-in capital                                              5,152,423             5,152,423
   Accumulated deficit                                                    (5,410,146)           (4,955,332)
                                                                         -----------           -----------
     TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                                   (232,551)              222,263
                                                                         -----------           -----------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                     $   601,224           $   928,301
                                                                         ===========           ===========
</TABLE>
                 The accompanying notes are an integral part of
                    these consolidated financial statements.

                                       3
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY
          CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
              Nine and Three months ended October 31, 2005 and 2004
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                  Nine months        Nine months        Three months       Three months
                                                     ended              ended              ended              ended
                                                   October 31,        October 31,        October 31,        October 31,
                                                      2005               2004               2005               2004
                                                  ------------       ------------       ------------       ------------
<S>                                               <C>                <C>                <C>                <C>
REVENUES - net of returns and allowances          $  1,477,361       $  2,007,300       $    560,849       $    704,469
COST OF SALES                                       (1,288,443)        (1,765,599)          (520,361)          (585,276)
                                                  ------------       ------------       ------------       ------------

GROSS PROFIT                                           188,918            241,701             40,488            119,193
                                                  ------------       ------------       ------------       ------------

OPERATING EXPENSES
   Selling, general and
     administrative expenses                           435,234            467,482            145,072            150,035
                                                  ------------       ------------       ------------       ------------
     TOTAL OPERATING EXPENSES                          435,234            467,482            145,072            150,035
                                                  ------------       ------------       ------------       ------------

INCOME (LOSS) FROM OPERATIONS                         (246,316)          (225,781)          (104,584)           (30,842)

OTHER INCOME
   Interest and other
     income (expense) - net                             (4,612)            (5,049)            (1,407)            (1,423)
                                                  ------------       ------------       ------------       ------------

INCOME (LOSS) BEFORE
   PROVISION FOR INCOME TAXES                         (250,928)          (230,830)          (105,991)           (32,265)

PROVISION FOR INCOME TAXES                                  --                 --                 --                 --
                                                  ------------       ------------       ------------       ------------

NET INCOME (LOSS)                                     (250,928)          (230,830)          (105,991)           (32,265)

OTHER COMPREHENSIVE INCOME                                  --                 --                 --                 --
                                                  ------------       ------------       ------------       ------------

COMPREHENSIVE INCOME (LOSS)                       $   (250,928)      $   (230,830)      $   (105,991)      $    (32,265)
                                                  ============       ============       ============       ============
Net income (loss) per weighted-average share
 of common stock outstanding, calculated
 on Net Loss - basic and fully diluted            $      (0.01)      $      (0.01)               nil                nil
                                                  ============       ============       ============       ============
Weighted-average number of shares
 of common stock outstanding                        25,171,865         25,077,704         25,171,865         25,171,865
                                                  ============       ============       ============       ============
</TABLE>
                 The accompanying notes are an integral part of
                    these consolidated financial statements.

                                       4
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                   Nine months ended October 31, 2005 and 2004

                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                Nine months       Nine months
                                                                  ended             ended
                                                                October 31,       October 31,
                                                                   2005              2004
                                                                 ---------         ---------
<S>                                                              <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES
   Net income (loss) for the period                              $(250,928)        $(230,830)
   Adjustments to reconcile net loss to net cash
    provided by operating activities
      Depreciation and amortization                                 22,961            28,575
      Expenses paid with common stock                                   --             6,000
   (Increase) Decrease in
      Accounts receivable - trade and other                        128,960            76,786
      Inventory                                                     44,531           (42,267)
      Prepaid expenses and other                                    (1,025)            1,861
   Increase (Decrease) in
      Accounts payable                                             (48,644)           71,436
      Other accrued expenses                                          (116)                4
      Accrued management fees to parent company                     90,000            90,000
                                                                 ---------         ---------
NET CASH USED IN OPERATING ACTIVITIES                              (14,261)            1,565
                                                                 ---------         ---------

CASH FLOWS FROM INVESTING ACTIVITIES
   Purchase of property and equipment                               (3,426)           (8,915)
                                                                 ---------         ---------
NET CASH USED IN INVESTING ACTIVITIES                               (3,426)           (8,915)
                                                                 ---------         ---------

CASH FLOWS FROM FINANCING ACTIVITIES
   Payments on notes payable to investors                               --            (7,000)
   Payments on long-term capital lease                              (3,338)           (3,060)
                                                                 ---------         ---------
NET CASH USED IN FINANCING ACTIVITIES                               (3,338)          (10,060)
                                                                 ---------         ---------

INCREASE (DECREASE) IN CASH                                        (21,025)          (17,410)

Cash at beginning of period                                         59,905            80,514
                                                                 ---------         ---------

CASH AT END OF PERIOD                                            $  38,880         $  63,104
                                                                 =========         =========

SUPPLEMENTAL DISCLOSURE OF INTEREST AND INCOME TAXES PAID
   Interest paid for the period                                  $   3,378         $   7,400
                                                                 =========         =========
   Income taxes paid for the period                              $      --         $      --
                                                                 =========         =========
</TABLE>
                 The accompanying notes are an integral part of
                    these consolidated financial statements.

                                       5
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE A - ORGANIZATION AND DESCRIPTION OF BUSINESS

KIK Technology  International,  Inc. (KTII) was incorporated on February 1, 2000
under the laws of the State of California as  Russian-Imports.com.  On September
4,  2001,  KTII  (formerly  Russian-Imports.com)  issued  16,700,000  shares  of
restricted,  unregistered  common  stock  to  KIK  Tire  Technologies,  Inc.  (a
publicly-owned  Canadian  corporation)  (KTTI)  for  100.0%  of the  issued  and
outstanding stock of KIK Technology,  Inc. (a wholly-owned  subsidiary of KTTI).
By  virtue of this  transaction,  KIK  Technology,  Inc.  became a  wholly-owned
subsidiary of KTII and KTTI became an  approximate  73.6%  shareholder  in KTII.
Concurrent  with this  transaction,  Russian-Imports.com  changed it's corporate
name to KIK Technologies International, Inc.

KIK  Technology,  Inc (KTI) was  incorporated in June 1988 under the laws of the
State of California.  KTI manufactures and markets an extensive and high quality
line of off-highway micro-cellular polyurethane tires for the healthcare,  light
industrial,  lawn and garden and  recreational  industries.  KTI operates from a
sole manufacturing plant and marketing offices located in Oceanside, CA.

In prior years, the Company's  principal raw materials are purchased from a sole
supplier was also a major customer for the Company's  products.  In the event of
any  disruption  in the  availability  of raw  materials  or a  market  for  the
Company's  products  purchased  by this key  supplier,  the  Company  could have
experienced a negative  economic  impact.  The Company is developing  additional
sources of supply of it's key raw materials  comparable prices and management is
seeking other avenues of  distribution  of the Company's  products to consumers.
Management  is of the opinion that no  interruption  of either raw  materials or
product demand will occur.

NOTE B - PREPARATION OF FINANCIAL STATEMENTS

The  Company  follows  the  accrual  basis  of  accounting  in  accordance  with
accounting principles generally accepted in the United States of America and has
adopted a year-end of January 31.

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the  financial  statements  and the  reported  amounts of revenues  and expenses
during the reporting period. Actual results could differ from those estimates.

Management further acknowledges that it is solely responsible for adopting sound
accounting  practices,   establishing  and  maintaining  a  system  of  internal
accounting  control and preventing and detecting  fraud. The Company's system of
internal  accounting  control is designed to assure,  among other items, that 1)
recorded  transactions  are valid; 2) valid  transactions  are recorded;  and 3)
transactions  are  recorded in the proper  period in a timely  manner to produce
financial  statements which present fairly the financial  condition,  results of
operations  and cash  flows of the  Company  for the  respective  periods  being
presented

Management further acknowledges that it is solely responsible for adopting sound
accounting  practices,   establishing  and  maintaining  a  system  of  internal
accounting  control and preventing and detecting  fraud. The Company's system of
internal  accounting  control is designed to assure,  among other items, that 1)
recorded  transactions  are valid; 2) valid  transactions  are recorded;  and 3)
transactions  are  recorded in the proper  period in a timely  manner to produce
financial  statements which present fairly the financial  condition,  results of
operations  and cash  flows of the  Company  for the  respective  periods  being
presented.

During interim periods, the Company follows the accounting policies set forth in
its annual  audited  financial  statements  filed with the U. S.  Securities and
Exchange  Commission  on its Annual  Report on Form  10-KSB/A for the year ended
January 31, 2005.  The  information  presented  within these  interim  financial
statements  may not  include all  disclosures  required  by  generally  accepted
accounting  principles  and the  users of  financial  information  provided  for
interim periods should refer to the annual  financial  information and footnotes
when reviewing the interim financial results presented herein.

                                       6
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE B - PREPARATION OF FINANCIAL STATEMENTS - CONTINUED

In the opinion of management,  the accompanying  interim  financial  statements,
prepared in  accordance  with the U. S.  Securities  and  Exchange  Commission's
instructions   for  Form  10-QSB,   are   unaudited  and  contain  all  material
adjustments,  consisting  only of  normal  recurring  adjustments  necessary  to
present fairly the financial condition,  results of operations and cash flows of
the Company for the respective  interim  periods  presented.  The current period
results of operations are not necessarily indicative of results which ultimately
will be reported for the full fiscal year ending January 31, 2006.

For  segment  reporting  purposes,  the Company  operated  in only one  industry
segment during the periods represented in the accompanying  financial statements
and makes all  operating  decisions and  allocates  resources  based on the best
benefit to the Company as a whole.

These  financial  statements  reflect  the books and  records of KIK  Technology
International,  Inc. (formerly  Russian-Imports.com)  (KTII) and KIK Technology,
Inc.  (KTI)  as of and  for  the  periods  ended  October  31,  2005  and  2004,
respectively.  All significant intercompany transactions have been eliminated in
consolidation. The consolidated entities are referred to as Company.

NOTE C - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1. Cash and cash equivalents

   For Statement of Cash Flows purposes,  the Company considers all cash on hand
   and in banks,  certificates  of deposit and other  highly-liquid  investments
   with maturities of three months or less, when purchased,  to be cash and cash
   equivalents.

   Cash  overdraft  positions  may occur  from time to time due to the timing of
   making bank deposits and releasing  checks,  in accordance with the Company's
   cash management policies.

2. Accounts receivable and Revenue Recognition

   In the normal course of business,  the Company  extends  unsecured  credit to
   virtually all of its customers which are located throughout the United States
   and are  principally  concentrated  in the  midwest  region  of the  country.
   Depending upon management's  assessment of  creditworthiness  and order size,
   certain  shipments are made on "COD" terms using common carriers.  Because of
   the credit risk  involved,  management has provided an allowance for doubtful
   accounts which reflects its opinion of amounts which will  eventually  become
   uncollectible. In the event of complete non-performance, the maximum exposure
   to the Company is the recorded amount of trade accounts  receivable  shown on
   the balance sheet at the date of non-performance.

   The Company  recognizes  revenue from the sale of tires and accessories  upon
   shipment to, or receipt by customers,  depending upon  contractual  terms and
   when there is no significant  uncertainty  regarding the  consideration to be
   received and the associated costs to be incurred.  Additionally,  the Company
   recognizes   reductions  of  recorded   revenue  for  product   returns  from
   unsatisfied  customers and other billing  adjustments or corrections,  at the
   point that the  returned  products  are  received  by the Company or upon the
   completion of negotiations between the Company and it's customer.

                                       7
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE C - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

3. Inventory

   Inventory consists of raw materials,  principally  chemical  feedstocks,  and
   finished goods, principally tires and accessories manufactured by the Company
   and other minor  miscellaneous  items purchased from third-party  vendors for
   resale as a component of the Company's products.

   Inventory is valued at the lower of cost or market value,  using  principally
   the average cost method.

4. Property and Equipment

   Property and  equipment  are  recorded at  historical  cost.  These costs are
   depreciated over the estimated  useful lives,  generally two (2) to seven (7)
   years, of the individual  assets using the  straight-line  method.  Gains and
   losses  from the  disposition  of  property  and  equipment  are  included in
   operations as incurred.

   In  accordance  with  Statement of Financial  Accounting  Standards  No. 144,
   "Accounting for the Impairment or Disposal of Long-Lived Assets", the Company
   follows the policy of evaluating  all property and equipment as of the end of
   each reporting quarter. For each of the years ended January 31, 2005 and 2004
   and during the period ended October 31, 2005,  no charges to operations  were
   made for impairments in the future benefit of property and equipment.

5. Income Taxes

   The Company  uses the asset and  liability  method of  accounting  for income
   taxes.  At October 31, 2005 and 2004, the deferred tax asset and deferred tax
   liability  accounts,  as recorded when material to the financial  statements,
   are  entirely  the result of  temporary  differences.  Temporary  differences
   represent  differences in the  recognition of assets and  liabilities for tax
   and financial  reporting  purposes,  primarily  accumulated  depreciation and
   amortization, allowance for doubtful accounts and vacation accruals.

   As of  October  31,  2005 and 2004,  the  deferred  tax asset  related to the
   Company's net operating loss carryforward is fully reserved.

6. Advertising costs

   The Company does not conduct any direct response advertising activities.  For
   non-direct  response  advertising,  the  Company  charges  the costs of these
   efforts to operations at the first time the related advertising is published.

7. Earnings (loss) per share

   Basic earnings (loss) per share is computed by dividing the net income (loss)
   available to common  shareholders  by the  weighted-average  number of common
   shares outstanding during the respective period presented in our accompanying
   financial statements.

   Fully diluted  earnings (loss) per share is computed  similar to basic income
   (loss) per share  except that the  denominator  is  increased  to include the
   number  of  common  stock  equivalents  (primarily  outstanding  options  and
   warrants).

   Common  stock  equivalents  represent  the  dilutive  effect  of the  assumed
   exercise of the  outstanding  stock options and warrants,  using the treasury
   stock method,  at either the beginning of the respective  period presented or
   the date of  issuance,  whichever  is  later,  and only if the  common  stock
   equivalents  are  considered  dilutive  based upon the  Company's  net income
   (loss) position at the calculation date.

                                       8
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE C - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

7. Earnings (loss) per share - continued

   As of October  31,  2005 and 2004,  the  Company's  issued  and  outstanding,
   warrants, options and convertible debt are considered antidilutive due to the
   Company's net operating loss position.

8. Employee Stock Options

   For  periods  prior to November  1, 2002,  the  Company  chose to account for
   employee stock-based compensation using the intrinsic value method prescribed
   in Accounting  Principles  Board Opinion No. 25 (APB No. 25),  Accounting for
   Stock Issued to Employees, and related interpretations. Accordingly, employee
   compensation  cost for stock  options and warrants is measured as the excess,
   if any, of the market price of the  Company's  stock at the date of the grant
   over the amount an employee must pay to acquire the stock. This treatment was
   allowed  under   Statement  of  Financial   Accounting   Standards  No.  123,
   "Accounting for Stock Based Compensation" (SFAS 123).

   In December 2002, FASB issued Statement of Financial Accounting Standards No.
   148  "Accounting  for  Stock-Based  Compensation - Transition and Disclosure"
   (SFAS 148). This statement amends SFAS 123 and provides  alternative  methods
   of  transition  for a  voluntary  change to the fair  value  based  method of
   accounting for stock-based employee compensation.  This statement also amends
   the  disclosure  requirements  of SFAS  123 to  require  more  prominent  and
   frequent disclosures in financial statements about the effects of stock-based
   compensation.  The transition  guidance and annual  disclosure  provisions of
   SFAS 148 are  effective  for  financial  statements  issued for fiscal  years
   ending after December 15, 2002.  Effective November 1, 2003, the first day of
   the reporting quarter including the effective date of SFAS 148, the Company's
   Board of Directors,  in conjunction with public opinion and SFAS 148, elected
   to expense the imputed compensation cost related to any stock options granted
   during  Fiscal  2003 and for future  periods.  The  Company did not issue any
   stock options  during Fiscal 2004 or Fiscal 2003 and the adoption of SFAS 148
   did not have a material  impact on our  results of  operations  or  financial
   condition.

9. New and Pending Accounting Pronouncements

   In December  2003,  the  Financial  Accounting  Standards  Board  issued FASB
   Interpretation Number 46-R "Consolidation of Variable Interest Entities." FIN
   46-R, which modifies  certain  provisions and effective dates of FIN 46, sets
   for the  criteria  to be used  in  determining  whether  an  investment  is a
   variable  interest entity should be consolidated.  These provisions are based
   on the general  premise that if a company  controls  another  entity  through
   interests other than voting  interests,  that company should  consolidate the
   controlled  entity. The Company's  management  believes that it does not have
   any material  arrangements  that meet the  definition of a variable  interest
   entity which would require consolidation.

   In  November  2004,  the FASB issued SFAS 151,  "Inventory  Costs."  SFAS 151
   amends the accounting for abnormal amounts of idle facility expense, freight,
   handling costs, and wasted material  (spoilage) under the guidance in ARB 43,
   Chapter 4, "Inventory  Pricing." Paragraph 5 of ARB 43, Chapter 4, previously
   stated  that  "...under  some  circumstances,  items  such as  idle  facility
   expense,  excessive spoilage,  double freight, and rehandling costs may be so
   abnormal  as  to  require  treatment  as  current  period  charges...."  This
   Statement  requires that those items be recognized as current-period  charges
   regardless of whether they meet the criterion of "so  abnormal." In addition,
   this Statement requires that allocation of fixed production  overheads to the
   costs of  conversion  be  based  on the  normal  capacity  of the  production
   facilities.  This statement is effective for inventory  costs incurred during
   fiscal  years  beginning  after  June 15,  2005.  Management  does not expect
   adoption  of SFAS 151 to have a material  impact on the  Company's  financial
   statements.

                                       9
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE C - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

9. New and Pending Accounting Pronouncements - continued

   In  December  2004,  the FASB issued  SFAS 152,  "Accounting  for Real Estate
   Time-Sharing Transactions." The FASB issued this Statement as a result of the
   guidance provided in AICPA Statement of Position (SOP) 04-2,  "Accounting for
   Real Estate  Time-Sharing  Transactions." SOP 04-2 applies to all real estate
   time-sharing  transactions.  Among other items, the SOP provides  guidance on
   the recording of credit losses and the treatment of selling  costs,  but does
   not change the revenue recognition guidance in SFAS 66, "Accounting for Sales
   of Real Estate," for real estate time-sharing  transactions.  SFAS 152 amends
   Statement 66 to reference  the guidance  provided in SOP 04-2.  SFAS 152 also
   amends SFAS 67,  "Accounting for Costs and Initial Rental  Operations of Real
   Estate  Projects",  to state that SOP 04-2 provides the relevant  guidance on
   accounting  for  incidental  operations and costs related to the sale of real
   estate time-sharing  transactions.  SFAS 152 is effective for years beginning
   after  June 15,  2005,  with  restatements  of  previously  issued  financial
   statements  prohibited.  Management  does not expect  adoption of SFAS 152 to
   have a material impact on the Company's financial statements.

   In  December  2004,  the FASB  issued  SFAS 153,  "Exchanges  of  Nonmonetary
   Assets,"  an  amendment  to  Opinion  No.  29,  "Accounting  for  Nonmonetary
   Transactions."  Statement 153 eliminates certain  differences in the guidance
   in Opinion No. 29 as compared to the guidance  contained in standards  issued
   by the International Accounting Standards Board. The amendment to Opinion No.
   29 eliminates the fair value exception for  nonmonetary  exchanges of similar
   productive  assets and replaces it with a general  exception for exchanges of
   nonmonetary  assets that do not have commercial  substance.  Such an exchange
   has commercial  substance if the future cash flows of the entity are expected
   to change  significantly  as a result of the exchange.  SFAS 153 is effective
   for nonmonetary asset exchanges occurring in periods beginning after June 15,
   2005.  Earlier  application  is permitted  for  nonmonetary  asset  exchanges
   occurring in periods  beginning after December 16, 2004.  Management does not
   expect  adoption  of SFAS  153 to have a  material  impact  on the  Company's
   financial statements.

   In December  2004, the FASB issued SFAS 123(R),  "Share-Based  Payment." SFAS
   123(R) amends SFAS 123,  "Accounting for Stock-Based  Compensation,"  and APB
   Opinion 25,  "Accounting for Stock Issued to Employees." SFAS  123(R)requires
   that the cost of  share-based  payment  transactions  (including  those  with
   employees and non-employees) be recognized in the financial statements.  SFAS
   123(R) applies to all  share-based  payment  transactions  in which an entity
   acquires  goods or  services  by issuing  (or  offering to issue) its shares,
   share options, or other equity instruments (except for those held by an ESOP)
   or by incurring  liabilities (1) in amounts based (even in part) on the price
   of the entity's shares or other equity  instruments,  or (2) that require (or
   may require) settlement by the issuance of an entity's shares or other equity
   instruments.  This statement is effective (1) for public companies qualifying
   as SEC small business issuers,  as of the first interim period or fiscal year
   beginning after December 15, 2005, or (2) for all other public companies,  as
   of the first interim period or fiscal year beginning  after June 15, 2005, or
   (3) for all nonpublic  entities,  as of the first fiscal year beginning after
   December  15,  2005.  Management  anticipates  no  significant  impact to the
   Company's financial statements upon the adoption of SFAS No. 123(R).

NOTE D - FAIR VALUE OF FINANCIAL INSTRUMENTS

The carrying amount of cash,  accounts  receivable,  accounts  payable and notes
payable, as applicable,  approximates fair value due to the short term nature of
these items  and/or the current  interest  rates  payable in relation to current
market conditions.

Interest  rate risk is the risk  that the  Company's  earnings  are  subject  to
fluctuations  in interest  rates on either  investments  or on debt and is fully
dependent  upon  the  volatility  of  these  rates.  The  Company  does  not use
derivative instruments to moderate its exposure to interest rate risk, if any.

                                       10
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE D - FAIR VALUE OF FINANCIAL INSTRUMENTS - CONTINUED

Financial  risk  is  the  risk  that  the  Company's  earnings  are  subject  to
fluctuations in interest rates or foreign exchange rates and are fully dependent
upon the  volatility  of  these  rates.  The  company  does  not use  derivative
instruments to moderate its exposure to financial risk, if any.

NOTE E - CONCENTRATIONS OF CREDIT RISK

KTII and KTI maintain their  respective cash accounts in financial  institutions
subject  to  insurance   coverage  issued  by  the  Federal  Deposit   Insurance
Corporation  (FDIC).  Under  FDIC  rules,  both  KTII  and KTI are  entitled  to
aggregate  coverage of $100,000 per account  type per separate  legal entity per
financial institution.  During the years ended January 31, 2005 and 2004 and for
the  period  through  October  31,  2005,  respectively,   KTTI  and  KTI,  from
time-to-time, had deposits in a financial institution with credit risk exposures
in excess of statutory  FDIC  coverage.  The Company has incurred no losses as a
result of any of these unsecured situations.

NOTE F - INVENTORIES

Inventories consist of the following at October 31, 2005 and 2004:

                                             October 31,          October 31,
                                                2005                 2004
                                              --------             --------

     Raw materials                            $ 38,218             $ 61,038
     Finished goods                            170,685              304,292
                                              --------             --------
     Total                                    $208,903             $365,330
                                              ========             ========

NOTE G - PROPERTY AND EQUIPMENT

Property and equipment consists of the following at October 31, 2005 and 2004:

                                     October 31,    October 31,
                                        2005           2004       Estimated life
                                      ---------      ---------    --------------

     Machinery and Equipment          $ 601,166      $ 596,796        7 years
     Office furniture and fixtures       25,441         25,441        5 years
     Leasehold improvements              14,180         14,180        2 years
     Vehicles                             9,279          9,279        5 years
                                      ---------      ---------
                                        650,066        645,696
     Less accumulated depreciation     (540,461)      (507,803)
                                      ---------      ---------
     Net property and equipment       $ 109,605      $ 137,893
                                      =========      =========

Depreciation  expense for each of the nine month  periods ended October 31, 2005
and 2004 was approximately $22,961 and $28,575, respectively.

                                       11
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE H - FUNDS HELD IN TRUST BY OFFICER

In May 2001, the Company advanced $53,400 to its President to hold in trust as a
contingency fund for the sole use of the Company in the event of a unanticipated
cash  shortfall.  The advance bears  interest at 4.0% annually and is unsecured.
The original  documentation  required repayment of the advance and accrued,  but
unpaid,  interest in May 2003. As of October 31, 2005,  with the approval of the
Company's  Board of  Directors,  the Company's  President  continues to maintain
these funds as trustee on behalf of the Company.

NOTE I - NOTES PAYABLE TO INVESTORS

Pursuant to the terms of a private placement agreement, the Company attempted to
raise up to $600,000  through the  placement of two-year  senior  notes  bearing
interest  at 10%  payable  quarterly.  This  Private  Placement  Memorandum  was
terminated by the Company during the fiscal quarter ended October 31, 2002.

In November  2001,  the Company  entered  into an agreement  with an  investment
banker whereby the investment  banker would act as exclusive  dealer-manager  in
this private  placement of  securities  to be issued by the Company  pursuant to
Regulation D of the Securities  Act of 1933, as amended.  As  compensation,  the
investment banker was paid $15,000 for professional fees,  received a commission
equal to 10% of the gross proceeds,  an unaccountable expense allowance equal to
4% of the gross proceeds,  and for every $500,000 raised,  150,000 shares of the
Company's restricted, unregistered common stock. Such shares will be issued upon
completion of the private  placement.  In addition,  the investment  banker will
have the option to nominate one person to the Company's Board of Directors if at
least  $2,000,000 is raised.  As of the  termination  of this Private  Placement
Memorandum, only $75,000 had been successfully raised.

Note  holders can elect,  with the  consent of the  Company,  to accept  Company
common stock in lieu of cash interest payments.  Such payments in stock would be
calculated  at 50% of the daily  average of the market price of the common stock
for the 30-calendar  days preceding the interest due date. After six months from
the date of issue of the notes,  the  Company  can  convert  the notes to common
stock if the daily average  market price of the  Company's  common stock for any
30-calendar days after the initial six-month period equals or exceeds $1.00. The
conversion  of the notes to common stock would also be  calculated at 50% of the
daily average market price for the 30 days prior to the Company giving notice of
its plan to convert.

In  conjunction  with the offering of the notes,  each note holder was given one
warrant for each $1.00 invested.  Each warrant allows the holder to purchase one
share of the Company's  common stock at an initial  exercise  price of $0.60 per
share, and is exercisable for two years. In March 2002, the Company repriced the
outstanding warrants to an exercise price of $0.40 per share.

Pursuant to the private placement,  the Company sold a $50,000  convertible note
on November 12, 2001 and a $25,000  convertible note on December 26, 2001 to two
unrelated  investors.  Warrants to purchase a combined total of 75,000 shares of
the Company's common stock at $0.60 per share were also issued to the investors.
The  warrants  were  valued at $11,789  using the  Black-Scholes  option-pricing
model, and therefore $11,789 of the total debt proceeds of $75,000 was allocated
to the warrants, resulting in a discount on the notes, was amortized to interest
expense over the initial  term of the  underlying  debt.  During the years ended
January 31, 2004, approximately $9,100 of the discount was amortized to interest
expense.  The weighted average assumptions  utilized to value the warrants using
the Black-Scholes option-pricing model were as follows:

Expected life of the option:    The  initial life of the corresponding option,
                                generally two (2) years
Expected volatility in
 the Company's stock price:     150.0%, which was based on fluctuations of the
                                Company's stock price over the past Fiscal year.
Expected dividends:             Zero (0.00) based on past performance
Anticipated risk free
 interest rate:                 Estimated to be 2.80%.

                                       12
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE I - NOTES PAYABLE TO INVESTORS - CONTINUED

The  convertible  notes  contained a beneficial  conversion  feature valued at a
combined  total  of  approximately  $63,000.  However,  because  the  conversion
features were fully contingent upon the occurrence of certain future events, the
Company  did not  record a discount  resulting  from the  beneficial  conversion
feature.

The notes  matured  on  November  12,  2003  ($50,000)  and  December  26,  2003
($25,000), respectively.

On February 16, 2004, the Company  restructured  the $50,000  convertible  note.
Under the restructured terms, the Company paid all accrued interest and a $3,000
principal  reduction on March 16, 2004, as of February 16, 2004.  The Company is
obligated to pay $2,000 per month,  plus accrued  interest,  for the period from
March 16,  2004  through  August 16,  2004 and $1,000  per month,  plus  accrued
interest, on the 16th of each month thereafter until all outstanding amounts are
paid in full.  The  restructured  note bears  interest  at 10.0% per annum.  The
Company has been delinquent in making the required  principal  reductions  since
May 2004; however, is current in making the required monthly payments of accrued
interest.

The  $50,000  restructured  note is  convertible  into  shares of  unregistered,
restricted  common stock at the discretion of the Noteholder  with the Company's
consent,  provided that the daily average  (calculated  from the last sale price
daily) of the market price of the Company's common stock for any 30 calendar day
period equals or exceeds $1.00 per share,  with the conversion  being calculated
at a 50% discount of such 30 day average.

The $50,000  Noteholder  also has the  election to receive the monthly  interest
payments in  restricted,  unregistered  common stock of the Company at the daily
average  (calculated  from the last sale price daily) of the market price of the
Company's  common stock for the 30 calendar day period prior to the interest due
date,  with the number of shares to be issued  calculated  at a 50%  discount of
such 30 day average.

Through  October  31,  2005,  the  Company  has  paid  approximately  $7,000  in
cumulative principal and approximately $10,438 in cumulative accrued interest on
the $50,000 restructured convertible note since the restructuring date.

The  $25,000  convertible  note is in default and no demand for payment has been
made  to  the  Company.  The  Company  continues  to  accrue  interest  on  this
convertible note in accordance with the original terms and conditions.

The aggregate maturities of the notes are as follows:

     Balance as of October 31, 2005                               $ 68,000
     Less current portion                                          (49,000)
                                                                  --------
     Long-term portion                                            $ 19,000
                                                                  ========


NOTE J - CAPITAL LEASE PAYABLE

Capital lease payable as of October 31, 2005 and 2004 is as follows:

                                                       October 31,   October 31,
                                                          2005          2004
                                                        --------      --------
$21,080 capital lease payable to a finance corporation
 Interest at 8.60%.  Payable in monthly installments
 of approximately $432, including accrued interest
 Final maturity due in April 2007.  Collateralized by
 equipment                                              $  6,968      $ 11,371

   Less current maturities                                (4,388)       (4,403)
                                                        --------      --------
   Long-term portion                                    $  2,580      $  6,968
                                                        ========      ========

                                       13
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE J - CAPITAL LEASE PAYABLE - CONTINUED

Future annual maturities of long-term capital leases payable,  as of January 31,
2005, for each of the following years ending January 31 are as follows:

                                               Year ending
                                               January 31,          Amount
                                               -----------          ------

                                                  2006             $ 4,468
                                                  2007               4,872
                                                  2008                 966
                                                                   -------
                                                  Total            $10,306
                                                                   =======

NOTE K - INCOME TAXES

The components of income tax (benefit) expense for the nine months ended October
31, 2005 and 2004, respectively, are as follows:

                                            October 31,           October 31,
                                               2005                  2004
                                              -------               -------
     Federal:
       Current                                $    --               $    --
       Deferred                                    --                    --
                                              -------               -------
                                                   --                    --
                                              -------               -------
     State:
       Current                                     --                    --
       Deferred                                    --                    --
                                              -------               -------
                                                   --                    --
                                              -------               -------
       Total                                  $    --               $    --
                                              =======               =======

The Company has a net operating loss carryforward of approximately $5,000,000 to
offset future taxable income. Subject to current regulations,  this carryforward
will begin to expire in 2005. The amount and  availability  of the net operating
loss  carryforwards  may be subject  to  limitations  set forth by the  Internal
Revenue Code.  Factors such as the number of shares  ultimately  issued within a
three year  look-back  period;  whether  there is a deemed  more than 50 percent
change in control; the applicable long-term tax exempt bond rate;  continuity of
historical  business;  and  subsequent  income of the Company all enter into the
annual computation of allowable annual utilization of the carryforwards.

The Company's  income tax expense for the nine months ended October 31, 2005 and
2004, respectively, are as follows:

                                                       October 31,   October 31,
                                                          2005          2004
                                                        --------      --------

Statutory rate applied to loss before income taxes      $(85,300)     $(78,500)
Increase (decrease) in income taxes resulting from:
  State income taxes                                          --            --
  Other, including reserve for deferred tax asset         85,300        78,500
                                                        --------      --------
    Income tax expense                                  $     --      $     --
                                                        ========      ========

Temporary differences, consisting primarily of net operating loss carryforwards,
statutory  deferrals  of expenses  for  organizational  costs and  accrued,  but
unpaid,  accruals for officer  compensation  and  statutory  differences  in the
depreciable  lives for property and equipment,  between the financial  statement
carrying  amounts and tax bases of assets and liabilities  give rise to deferred
tax assets and liabilities as of January 31, 2005 and 2004, respectively:

                                       14
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE K - INCOME TAXES - CONTINUED

                                               January 31,         January 31,
                                                  2005                2004
                                               -----------         -----------
     Deferred tax assets
       Net operating loss carryforwards        $ 1,700,000         $ 1,564,000
       Less valuation allowance                 (1,700,000)         (1,564,000)
                                               -----------         -----------
     Net Deferred Tax Asset                    $        --         $        --
                                               ===========         ===========

During the Fiscal  years  ended  January 31,  2005 and 2004,  respectively,  the
valuation  allowance  for  the  deferred  tax  asset  increased  (decreased)  by
approximately $136,000 and $68,000.

NOTE L - COMMON STOCK TRANSACTIONS

In February 2003, the Company issued 150,000 restricted,  unregistered shares of
common stock in payment of a contract for marketing  services.  This transaction
was  valued  at  approximately  $3,000,  which  was equal to or in excess of the
discounted  closing price of the Company's common stock on the NASDAQ Electronic
Bulletin Board on the date of each  respective  transaction.  The Company relied
upon Section 4(2) of The  Securities  Act of 1933, as amended,  for an exemption
from registration on these shares.

In April 2003,  the Company  issued 22,500  restricted,  unregistered  shares of
common stock in settlement  of a January 31, 2003 trade  account  payable in the
amount of  approximately  $552. The value of this transaction was equal to or in
excess of the  discounted  closing  price of the  Company's  common stock on the
NASDAQ Electronic Bulletin Board on the date of each respective transaction. The
Company relied upon Section 4(2) of The Securities Act of 1933, as amended,  for
an exemption from registration on these shares.

In May 2003,  the Company  issued  575,664  restricted,  unregistered  shares of
common stock in payment of trade accounts payable to the Company's primary legal
counsel in the amount of  approximately  $72,849.  The value of this transaction
was equal to or in  excess  of the  discounted  closing  price of the  Company's
common  stock  on the  NASDAQ  Electronic  Bulletin  Board  on the  date of each
respective  transaction.  The Company relied upon Section 4(2) of The Securities
Act of 1933, as amended, for an exemption from registration on these shares.

In July 2004,  the Company  issued 150,000  restricted,  unregistered  shares of
common  stock  in  payment  of  a  contract  for  professional  services.   This
transaction was valued at approximately  $6,000, which was equal to or in excess
of the  discounted  closing  price of the  Company's  common stock on the NASDAQ
Electronic  Bulletin  Board  on the  date of each  respective  transaction.  The
Company relied upon Section 4(2) of The Securities Act of 1933, as amended,  for
an exemption from registration on these shares.

NOTE M - RELATED PARTY TRANSACTIONS

During the nine months ended October 31, 2005 and during each of the years ended
January  31, 2005 and 2004,  respectively,  the  Company  accrued  approximately
$90,000,  $120,000 and $120,000 in administrative  service fees payable to KTTI,
respectively.

                (Remainder of this page left blank intentionally)

                                       15
<PAGE>
                KIK TECHNOLOGY INTERNATIONAL, INC. AND SUBSIDIARY

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED


NOTE N - COMMITMENTS AND CONTINGENCIES

LEASED FACILITIES

The Company leases its facilities under a non-cancellable operating lease, which
expires on May 31, 2008. The lease requires monthly payments as follows:  $8,987
for the period  from June 1, 2005  through May 31,  2006;  $9,343 for the period
from June 1, 2006 through May 31,  2007;  and $9,717 for the period from June 1,
2007  through  May 31,  2008.  Rent  expenses  incurred  under  this  lease  was
approximately $106,428 and $102,340 for each of the years ended January 31, 2005
and 2004, respectively.

Future amounts due under this agreement are as follows:

                                              Year ending
                                              January 31,              Amount
                                              -----------              ------

                                                 2006                 $107,808
                                                 2007                  110,680
                                                 2008                  105,391
                                                 2009                   48,585
                                                                      --------
                                                Totals                $372,464
                                                                      ========

EMPLOYMENT CONTRACT

In  May  2000,  KIK  entered  into  an  employment  agreement  with  William  M.
Knooihuizen,  the Company's  current  President  and  Director.  The term of the
agreement is for a period of five (5) years.  For such  services,  KIK agreed to
pay Mr.  Knooihuizen  an annual  salary in the  amount of  $143,000,  to be paid
weekly.

NOTE O - SIGNIFICANT CUSTOMERS

During the year ended January 31, 2005, the Company had three separate customers
responsible for an aggregate of approximately 71.86% (49.18%,  16.09% and 6.59%,
respectively) of total net revenues. The largest customer was also a significant
vendor  of  raw  materials.   The  largest  key  customer  was  responsible  for
approximately  35.02% of accounts  receivable and 59.37% of accounts  payable at
January 31,  2005.  The second key customer was  responsible  for  approximately
7.42% of accounts  receivable and 0.12% of accounts payable at January 31, 2005.
The third key  customer was  responsible  for  approximately  18.32% of accounts
receivable and approximately 0.52% of accounts payable at January 31, 2005.

During the year ended January 31, 2004,  the Company had two separate  customers
responsible  for  an  aggregate  of  approximately  78.47%  (69.06%  and  9.41%,
respectively) of total sales. The largest customer is also a significant  vendor
of raw materials.  The largest key customer was  responsible  for  approximately
48.95% of  accounts  receivable  and 76.17% of  accounts  payable at January 31,
2004.  The  second key  customer  was  responsible  for  approximately  1.72% of
accounts  receivable  and 0.00% of accounts  payable at January 31, 2004.  There
were no other  customer(s)  responsible  for more than  10.0% of total net sales
during Fiscal 2004.

During  the  quarter  ended  April  30,  2005,  the  Company  discontinued  it's
relationship with a major customer, who was primarily a wholesale distributor of
the  Company's  products.  The Company is developing a direct sales channel with
retail resellers of the Company's  products.  The existence of "major" customers
may change in future periods.

                                       16
<PAGE>
ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

(1) CAUTION REGARDING FORWARD-LOOKING INFORMATION

Certain  statements  contained  in this  quarterly  filing,  including,  without
limitation, statements containing the words "believes", "anticipates", "expects"
and  words  of  similar  import,  constitute  forward-looking  statements.  Such
forward-looking  statements  involve known and unknown risks,  uncertainties and
other factors that may cause the actual results,  performance or achievements of
the Company,  or industry  results,  to be materially  different from any future
results,   performance   or   achievements   expressed   or   implied   by  such
forward-looking statements.

Such factors include, among others, the following:  international,  national and
local general economic and market conditions:  demographic  changes; the ability
of the Company to sustain,  manage or  forecast  its growth;  the ability of the
Company to successfully make and integrate acquisitions;  raw material costs and
availability;  new product  development and  introduction;  existing  government
regulations  and  changes  in,  or  the  failure  to  comply  with,   government
regulations;  adverse publicity;  competition; the loss of significant customers
or suppliers;  fluctuations  and  difficulty in forecasting  operating  results;
changes in business strategy or development  plans;  business  disruptions;  the
ability  to attract  and  retain  qualified  personnel;  the  ability to protect
technology; and other factors referenced in this and previous filings.

Given  these  uncertainties,  readers  of this Form  10-QSB  and  investors  are
cautioned not to place undue reliance on such  forward-looking  statements.  The
Company  disclaims  any  obligation  to update any such  factors or to  publicly
announce the result of any  revisions to any of the  forward-looking  statements
contained herein to reflect future events or developments.

(2) RESULTS OF OPERATIONS, LIQUIDITY AND CAPITAL RESOURCES OR PLAN OF OPERATION

OVERVIEW

During the nine  months  ended  October  31,  2005 and 2004,  respectively,  the
Company  recognized net revenues of  approximately  $1,477,000  and  $2,007,000,
respectively.  These  revenues  were  derived  primarily  from  the  sale of the
Company's  urethane  based tire  products.  Net loss for the nine  months  ended
October  31,  2005  and  2004  was  approximately   $(251,000)  and  $(231,000),
respectively.  The net loss for each of these  nine  month  periods  includes  a
$90,000  charge  for  administrative  services  to the  Company  from  KIK  Tire
Technologies Inc., the Company's  publicly-owned  Canadian majority shareholder.
The net loss per share of common  stock for the nine  months  ended  October 31,
2005 and 2004, respectively, was approximately $(0.01) and $(0.01).

RESULTS OF OPERATIONS

The following  discussion and analysis of our financial condition and results of
operations  should  be read  in  conjunction  with  the  consolidated  financial
statements and notes.

NINE MONTHS ENDED OCTOBER 31, 2005 COMPARED TO THE NINE MONTHS ENDED OCTOBER 31,
2004

The Company  posted net sales of  approximately  $1,477,000  for the nine months
ended October 31, 2005 as compared to net sales of approximately  $2,007,000 for
the nine months ended October 31, 2004. During the quarter ended April 30, 2005,
the  Company  discontinued  it's  relationship  with a major  customer,  who was
primarily a wholesale  distributor of the Company's  products.  While the demand
for the Company's product remains strong, in management's  opinion,  the Company
is rapidly  developing a sales  channel  directly  with retail  resellers of the
Company's  products to eliminate the "middleman" from the distribution  channel.
It is anticipated  that the Company's sales will regain levels  comparable or in
excess of prior period comparable sales in future periods. The Company has begun
to experience  competition from foreign sources for comparable products and this
has negatively impact revenues in the current reporting period and will do so in
future periods. .

The Company's cost of sales decreased by approximately $478,000 to approximately
$1,288,000   for  the  nine  months  ended  October  31,  2005  as  compared  to
approximately  $1,766,000  for the nine  months  ended  October  31,  2004.  The
urethane  compounds  used in the  manufacture  of the Company's tire products is
derived from hydrocarbon processing and, therefore, is directly related to crude
oil. Accordingly, the Company's raw material costs are directly related to price
and demand  fluctuations in global crude oil supplies.  The Company has been and

                                       17
<PAGE>
continues to be  consistently  subjected  to cost  increases in raw material and
ancillary  supplies  which are not readily  passed  through with  product  price
increases due to domestic market conditions and foreign competition for sales of
the Company's  tire products.  The Company  experienced a gross profit margin of
approximately  12.79%  (approximately  $189,000)  for the first  nine  months of
Fiscal 2006 as compared to approximately 12.04% (approximately $242,000) for the
first nine months of Fiscal 2005.

General and administrative  expenses  decreased from approximately  $467,000 for
the nine months ended  October 31, 2004 to  approximately  $435,000 for the nine
months ended October 31, 2005. To the extent possible,  management  monitors and
controls  the variable  expenditures  related to the  Company's  administration;
however,  given increases in energy costs which are an integral component of all
goods and services used by the Company in it's  operations,  the availability of
cost  controls  as  a  budget   monitoring  and  profit  control   mechanism  is
diminishing.  Included in the Company's  general and  administrative  costs is a
$10,000  per month  administrative  charge to KIK Tire  Technologies  Inc.,  the
Company's publicly-owned Canadian majority shareholder.

LIQUIDITY AND CAPITAL RESOURCES

The Company had cash and cash equivalents of approximately $39,000,  $59,900 and
$63,000  at  October  31,   2005,   January  31,  2005  and  October  31,  2004,
respectively.  The Company  maintained  business liquidity and capital resources
during the year adequate to fund all capital and operating expense requirements.
Operations for Fiscal 2005 and 2004 have principally been funded from internally
generated funds. Management is of the opinion that line of credit borrowings and
capital  raised via private  placement(s)  of securities may be available to the
Company should the need arise in future periods.

For the nine months ended October 31, 2005 and 2004,  net cash provided by (used
in) operating activities was approximately  $(14,000) and $1,600,  respectively.
Net cash  provided by (used in) operating  activities  consists of cash received
from sales of products to customers, less purchases of raw materials, payment of
payroll and payment of other general operating expenses, including interest.

Cash used in investing  activities was  approximately  $(3,400) and $(8,900) for
each of the nine months  ended  October 31, 2005 and 2004,  respectively.  These
cash  utilizations  was due solely to the  acquisition  of equipment used in the
manufacturing process.

The Company  experienced  cash used in  financing  activities  of  approximately
$(3,300) and  $(10,000) in the first nine months of Fiscal 2006 and Fiscal 2005,
respectively.  All of  these  expenditures  were  related  to the  reduction  in
outstanding  principal on the Company's $50,000 convertible note payable and the
Company's equipment capital lease payable.

Management  remains confident that sufficient cash will be generated  internally
to fund its operations for the next twelve months.

CRITICAL ACCOUNTING POLICIES

Financial  Reporting  Release  No. 60,  issued by the  Securities  and  Exchange
Commission,   requires  all  companies  to  include  a  discussion  of  critical
accounting policies or methods used in the preparation of financial  statements.
Note C to the  Consolidated  Financial  Statements  includes  a  summary  of the
significant  accounting  policies  and methods  used in the  preparation  of the
Company's Consolidated Financial Statements. The following is a brief discussion
of the more significant accounting policies and methods used by the Company.

REVENUE RECOGNITION

The  Company  recognizes  revenue  from the sale of tires and  accessories  upon
shipment to, or receipt by customers,  depending upon contractual terms and when
there is no significant  uncertainty  regarding the consideration to be received
and the associated costs to be incurred.  Additionally,  the Company  recognizes
reductions of recorded  revenue for product returns from  unsatisfied  customers
and other billing  adjustments  or  corrections,  at the point that the returned
products  are  received by the Company or upon the  completion  of  negotiations
between the Company and it's customer.

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<PAGE>
ACCOUNTS RECEIVABLE

The Company  continuously  monitors  collections and payments from its customers
and  maintains an allowance  for  estimated  uncollectible  accounts  based upon
historical  experience and specific customer  collections  issues that have been
identified.   Depending   upon   management's   assessment   of   a   customer's
creditworthiness and order size, certain shipments are made on "COD" terms using
common carriers.

Since accounts  receivable  are  concentrated  in a relatively few customers,  a
significant  change in the  liquidity or financial  position of any one of these
customers  could have a material  adverse  impact on the  collectibility  of the
Company's  accounts  receivable and future  operating  results.  In the event of
complete  non-performance by any customer or customers,  the maximum exposure to
the Company would be the recorded amount of trade accounts  receivable  shown on
the balance sheet at the date of non-performance.

INVENTORIES

Inventories  are  valued  at the  lower of cost or  market.  Cost is  determined
principally on the average cost method.  The Company regularly reviews inventory
quantities  on hand and  records,  when  necessary,  a provision  for excess and
obsolete  inventory  based  primarily  on the  Company's  estimated  forecast of
product demand and production  requirements  for the next twelve months.  Demand
for the Company's products can fluctuate  significantly.  A significant increase
in the demand for the Company's  products could result in a short-term  increase
in the cost of inventory purchases while a significant  decrease in demand could
result in an increase in the amount of excess  inventory  quantities on hand. In
addition, the Company's industry is characterized by rapid technological change,
frequent  new product  development  and rapid  product  obsolescence  that could
result in an increase in the amount of obsolete  inventory  quantities  on hand.
Additionally,  the Company's  estimate of future  product demand may prove to be
inaccurate,  in which case the Company may have  understated  or overstated  the
provision required for excess and obsolete  inventory.  Therefore,  although the
Company  makes every  effort to ensure the  accuracy of its  forecasts of future
product demand, any significant unanticipated changes in demand or technological
developments  could have a significant  impact on the Company's  inventory value
and reported operating results.

STOCK-BASED COMPENSATION

Statement of Financial  Accounting Standards No. 123, Accounting for Stock Based
Compensation,  defines a fair-value  based method of accounting for  stock-based
employee  compensation  plans and  transactions  in which an entity  issues  its
equity  instruments  to  acquire  goods and  services  from  non-employees,  and
encourages  but does not  require  companies  to  record  compensation  cost for
stock-based employee compensation plans at fair value.

For periods  prior to  November  1, 2002,  the Company has chosen to account for
employee stock-based compensation using the intrinsic value method prescribed in
Accounting  Principles  Board Opinion No. 25 (APB No. 25),  Accounting for Stock
Issued  to  Employees,  and  related  interpretations.   Accordingly,   employee
compensation  cost for stock options and warrants is measured as the excess,  if
any, of the market  price of the  Company's  stock at the date of the grant over
the amount an employee must pay to acquire the stock. This treatment was allowed
under Statement of Financial Accounting Standards No. 123, "Accounting for Stock
Based Compensation" (SFAS 123).

In December 2002, FASB issued  Statement of Financial  Accounting  Standards No.
148 "Accounting for Stock-Based  Compensation - Transition and Disclosure" (SFAS
148).  This  statement  amends  SFAS 123 and  provides  alternative  methods  of
transition  for a voluntary  change to the fair value based method of accounting
for stock-based employee compensation. This statement also amends the disclosure
requirements  of SFAS 123 to require more prominent and frequent  disclosures in
financial  statements  about  the  effects  of  stock-based  compensation.   The
transition  guidance and annual disclosure  provisions of SFAS 148 are effective
for financial statements issued for fiscal years ending after December 15, 2002.
Effective November 1, 2003, the first day of the reporting quarter including the
effective  date of SFAS 148, the Company's  Board of Directors,  in  conjunction
with public  opinion and SFAS 148,  elected to expense the imputed  compensation
cost  related to any stock  options  granted  during  Fiscal 2003 and for future
periods.  The Company did not issue any stock options during Fiscal 2003 and the
adoption of SFAS 148 did not have a material impact on our results of operations
or financial condition.

                                       19
<PAGE>
ITEM 3 - CONTROLS AND PROCEDURES

As required by Rule 13a-15 under the Exchange  Act,  within the 90 days prior to
the filing date of this report,  the Company  carried out an  evaluation  of the
effectiveness of the design and operation of the Company's  disclosure  controls
and  procedures.  This evaluation was carried out under the supervision and with
the participation of the Company's management, including the Company's President
and Chief Executive  Officer along with the Company's  Chief Financial  Officer.
Based upon that evaluation,  the Company's President and Chief Executive Officer
along with the Company's  Chief Financial  Officer  concluded that the Company's
disclosure controls and procedures are effective. There have been no significant
changes in the  Company's  internal  controls or in other  factors,  which could
significantly  affect  internal  controls  subsequent  to the date  the  Company
carried out its evaluation.

Disclosure  controls and procedures are controls and other  procedures  that are
designed to ensure that information  required to be disclosed in Company reports
filed or submitted under the Exchange Act is recorded, processed, summarized and
reported,  within the time  periods  specified  in the  Securities  and Exchange
Commission's  rules and  forms.  Disclosure  controls  and  procedures  include,
without limitation,  controls and procedures designed to ensure that information
required to be  disclosed  in Company  reports  filed under the  Exchange Act is
accumulated  and  communicated  to  management,  including the  Company's  Chief
Executive  Officer and Chief Financial  Officer as appropriate,  to allow timely
decisions regarding required disclosure.

                          PART II - OTHER INFORMATION

ITEM 1 - LEGAL PROCEEDINGS

None

ITEM 2 - UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None

ITEM 3 - DEFAULTS ON SENIOR SECURITIES

None

ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

The  Company  has held no  regularly  scheduled,  called or special  meetings of
shareholders during the reporting period.

ITEM 5 - OTHER INFORMATION

None

ITEM 6 - EXHIBITS

Exhibits

31.1   Certification  pursuant  to Section 302 of  Sarbanes-Oxley  Act of 2002 -
       Chief Executive Officer
31.2   Certification  pursuant  to Section 302 of  Sarbanes-Oxley  Act of 2002 -
       Chief Financial Officer
32.1   Certifications pursuant to Section 906 of Sarbanes-Oxley Act of 2002.
--------------------------------------------------------------------------------
                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

                                              KIK TECHNOLOGY INTERNATIONAL, INC.


Dated: December 13, 2005                                      /s/ Kuldip C. Baid
       -----------------                      ----------------------------------
                                                                  Kuldip C. Baid
                                                         Chief Financial Officer
                                                                    and Director

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